• Ep. #88: Growing a $3M ARR FitTech App with AI [w/ Haylee McDonald]

  • Jun 1 2023
  • Duración: 45 m
  • Podcast

Ep. #88: Growing a $3M ARR FitTech App with AI [w/ Haylee McDonald]

  • Resumen

  • In this live episode, Haylee McDonald and I explore growth opportunities for a fitness app currently generating $3M in annual recurring revenue (ARR). The app leverages AI and is keen on staying ahead of trends in its niche. However, the company is facing challenges with paid ads.


    Key Takeaways:


    • Following Trends: We discuss why blindly following industry trends might not be the best strategy and how to navigate this landscape intelligently.
    • Testing Paid Ads: Learn how to test paid ads effectively to find the optimal mix that balances customer acquisition costs (CAC) with growth.
    • Scalability: For FitTech apps, the potential for growth is immense. When the incremental cost to add a new user is nearly zero, the primary constraint becomes CAC. Once you crack the CAC code, rapid growth is achievable.


    Tune in as we dive deep into these topics, providing actionable insights on how to overcome current challenges and scale effectively. This episode is essential listening for anyone looking to grow a tech-driven fitness app.



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